Word: basins
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...front lawn of William Simon's Long Island summer home. But despite his fondness for the unusual antique, the onetime Treasury Secretary and U.S. energy czar is no Don Quixote of the business world. There is nothing fanciful about his vision of assembling a financial empire in the Pacific Basin. In fact, Simon has helped mold a multibillion-dollar conglomerate that includes the largest savings and loan association in Honolulu and a merchant bank in Los Angeles. Last week an investor group led by Simon agreed to pay $157 million for Western Federal Savings & Loan, the fifth California thrift...
Last week, beneath the majestic 13,060-ft. mountain, Nevada Governor Richard Bryan and former Senator Paul Laxalt, along with other dignitaries, dedicated the surrounding 120 sq. mi. of wilderness as Great Basin National Park, the country's 49th. Named by Explorer John C. Fremont, the area known as the Great Basin stretches across northern Nevada, touching California, Oregon, Utah and Idaho. Once an inland sea, it was formed 20 million years ago by geologic plates thrusting sediment layers upward into mountain ranges. The relatively small national park contains nearly all the Great Basin's ecosystems, from desert to arctic...
Federal agencies have managed the area since 1932, but efforts to make the caves and neighboring mountains into a national park were frustrated by local ranching and mining interests. Great Basin Park, however, is good news for nearby White Pine County, a dusty patchwork of small towns, ranches and mines. Indeed, merchants from Ely (pop. 7,000) convinced Nevada's congressional delegation last summer that the park was desperately needed. For decades, Kennecott Copper Corp., which provided thousands of jobs at an open-pit mine near Ruth, had argued that the mountains might be mineral rich. By 1980 the mine...
...Nevada, Great Basin National Park opens amid stunning vistas and high hopes. -- A termite- killing pesticide is discontinued...
From his years as a dinner speaker for General Electric, Reagan has been a master of the art of exhortation. Indeed, the day before he journeyed to the Tidal Basin to stand beneath the bronze statue of Jefferson, the President told his Cabinet, "The mashed-potato circuit is still out there, and I may be right back on it." So why not start now, while he still commands the world's airwaves and has his jet to get him around...